Search Results for: tax

Get ready for another transfer of wealth via government confiscation. The Federal Communications Commission (FCC) is ready to tax internet service in order to fund its Connect America Fund boondoggle. As is usually the case in corporatist nations – Mussolini told us corporatism is the essence of fascism – mega-corporations …

World Health Organization mulling global cigarette tax. The World Health Organization (WHO) is considering a global excise tax of up to 70 percent on cigarettes at an upcoming November conference, raising concerns among free market tax policy analysts about fiscal sovereignty and bureaucratic mission creep. In draft guidelines published this September, the …

Rachel Maddow’s bombshell revelation that Donald Trump paid $38 million in taxes on $150 million income failed so miserably that even the virulently anti-Trump mainstream media had to acknowledge it was a complete non-story. The scoop, which some on the left thought was about to turn into a devastating new …

A global super-rich elite has exploited gaps in cross-border tax rules to hide an extraordinary £13 trillion ($21tn) of wealth offshore – as much as the American and Japanese GDPs put together – according to research commissioned by the campaign group Tax Justice Network. James Henry, former chief economist at …

For years, global warming advocates have argued that implementing some sort of carbon tax would substantially reduce the amount of carbon dioxide emitted into the atmosphere by the heavily industrialized United States. The idea, they say, is that a carbon tax would ultimately lead to fewer harmful, climate-changing emissions because …

A CARBON TAX is now responsible for destroying the economic prosperity of a nation. With less than two months since the Gillard Government introduced the carbon tax in Australia, businesses are beginning to feel the pain of increased costs that are directly associated to the carbon tax. Prior to being elected, Australia’s Prime …

A Melbourne family who claim they were slugged an extra $55 “carbon tax charge” when burying a relative were told “even the dead don’t escape the carbon tax”. Erica Maliki and her family were burying her father-in-law at Springvale Cemetery when she was told the price per burial plot had …

Critics of carbon taxes, currently one of the most popular schemes for legally relieving people of their hard-earned money, are often dismissed as crazed doomsayers for suggesting that levies on carbon dioxide emissions — supposedly to save the planet from “global warming” — will have dire economic consequences for those …

Regardless of whether you agree with the fundamentals of Obamacare, the fact that the U.S. Supreme Court has now ruled the federal government has the power to tax Americans into mandatory purchases of private industry products means an end to economic freedom in America. Why? Because it hands the federal government the …

Many have pointed out that the global war on drugs has been a waste of tax-payer time and money. It has also resulted in loathsome socio-political policies that have negative long-term ramifications. Now, five Nobel Prize winning economists as well as several world leaders are endorsing a just-published report by the London School of …

The United States Federal Reserve is usually the government office finding itself most often in the crosshairs of former Texas congressman Ron Paul, but now the longtime lawmaker is setting his sights on another agency: the Internal Revenue Service. Paul’s relentless efforts to abolish the Fed have without a doubt …

The US$105 billion of British taxpayer money used to bail out the Royal Bank of Scotland and Lloyds at the peak of the banking crisis may never be recouped, a parliamentary committee report warns. The state owns more than 80 per cent of RBS and 40 per cent of Lloyds …

MILLIONS of Australians are being ripped off by their super funds and they don’t even know it, a Treasury analysis reveals. The nation’s $18 billion pot of lost superannuation savings is being raided by funds deducting hundreds of dollars in unnecessary fees and charges that, in some cases, will drain …

Almost 2,400 people who received unemployment insurance in 2009 lived in households with annual incomes of $1 million or more, according to the Congressional Research Service. The report was released after about 1.1 million people exhausted their jobless benefits during the second quarter of 2012, when more than 4.6 million filed initial …

The United Nations will stay busy even after the annual General Assembly meetings wrap up this week, and on the agenda for upcoming debates are whether several global taxes should be implemented to milk rich member states and assist the impoverished. The United Nations plans to finalize their agenda for …

In recent years, giant corporations have started a trend when it comes to paying taxes: the greater the profit, the lower the taxes they pay. Dissatisfaction has come from citizens, but also from public figures like senator Bernie Sanders and public advocacy group Citizens for Tax Justice. The nonprofit group …

Swiss bank Credit Suisse pleaded guilty Monday to the charge that it facilitated wealthy Americans who sought to commit tax evasion, becoming the first major bank to admit criminal wrongdoing in over 20 years and agreeing to pay $2.6 billion in fines. The settlement announcement Monday included an acknowledgement from …

The IMF just dropped another bombshell. After it recently suggested a “one-off capital levy” – a one-time tax on private wealth as an exceptional measure to restore debt sustainability across insolvent countries – it has now called for “revenue-maximizing top income tax rates”. The IMF’s team of monkeys has been …

The latest casualty of Europe’s berserk pursuit of tax evaders everywhere: not some Russian oligarch with a $1 billion Cypriot bank account but famous Italian designers, Dolce and Gabbana. WSJ reports that a Milan court has convicted the designers Domenico Dolce and Stefano Gabbana of tax evasion. The pair were …

Rodrigo Rato, who led the International Monetary Fund from 2004-2007, was arrested in Spain last night over allegations of tax evasion and money laundering. An influential figure in Spanish banking and politics, Rato was the predecessor of IMF chief Dominique Strauss-Khan, who left office under a cloud of legal troubles …